News & Press

California Landmark Group Looks East

Ken Kahan founded West Los Angeles-based multifamily development firm California Landmark Group in 1988. Since then, the company has developed more than 3 million square feet of residential and commercial real estate, primarily on the Westside. But now California Landmark Group has found itself venturing into new markets, categorized by a generalized push east with an appetite for further expansion. The company’s latest development is M1, […]

California Landmark Group Wraps Up Work on Res Project in L.A.’s Silver Lake Neighborhood

California Landmark Group (CLG) has finished work on the 100-unit M1byCLG (M1), the largest multifamily development in Los Angeles’ Silver Lake submarket since 2015. M1 represents California Landmark’s entry into one of Los Angeles’s most trendy neighborhoods, known for its eclectic mix of boutique shops and artisan restaurants. Despite its popularity, Silver Lake suffers from […]

City Buys 120-Unit Multifamily Asset

A 120-unit apartment complex in the historic neighborhood of Lafayette Park sold for $43.3 million.  The three-story, 91,000-square-foot building, dubbed LP by CLG and located on a 43,000-square-foot lot at 349 S. La Fayette Place, was purchased by Housing Authority of the City of Los Angeles with the intent of promoting and advancing workforce and affordable housing […]

Housing Authority of the City of Los Angeles Spends $43 Mil for 120-Unit Res Property in the City’s La Fayette Park Neighborhood

In a notable multifamily trade in Los Angeles, a three-story, 120-unit apartment community in the city’s historic La Fayette Park neighborhood sold for $43.44 mil, or $362k/unit. The property, consisting of a 91k sf building on a 43k sf lot, was acquired by the Housing Authority of the City of Los Angeles (HACLA). The seller […]

California Landmark Group Sells L.A. Apartment Building for $43M

California Landmark Group has unloaded a three-story, 120-unit apartment property in South Los Angeles for $43.4 million, or $362,000 per unit. The Housing Authority of the City of Los Angeles (HACLA) acquired the 90,983-square-foot building on a 43,000-square-foot lot at 349 South La Fayette Place. HACLA said it will restrict 90 of the units to families earning at or below […]

LA housing agency pays $43M to buy 120 apartments in South LA

California Landmark Group sells complex for $362K per unit A Los Angeles housing agency has paid $43.4 million to buy a 120-unit apartment complex in South L.A. The Housing Authority of the City of Los Angeles purchased the three-story building at 349 South La Fayette Place, in Rampart Village, the Commercial Observer reported. The seller was California Landmark […]

California is building fewer homes. The state could get even more expensive

Ken Kahan makes a living building homes. A specialty? Luxury apartment complexes in Los Angeles neighborhoods such as Palms and Silver Lake filled with mostly market rate units, but with a handful of income-restricted affordable ones as well. It can be a good business, but lately less so. Read More